v2.cengagenow.com Ch 3-3 Exercises & Problems Book Calculator Print Item Instruc
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v2.cengagenow.com Ch 3-3 Exercises & Problems Book Calculator Print Item Instructions Pitman Company is a small editorial services company owned and operated by Jan Pitman. On October 31, 2019 the end of the current year, Pitman Company's accounting clerk prepared the following unadjusted trial balance: Pitman Company UNADJUSTED TRIAL BALANCE October 31, 2019 ACCOUNT TITLE DEBIT CREDIT 1Cash 7420.00 38,360.00 7320.00 2,390.00 17,000.00 154,900.00 2 Accounts Receivable Prepaid Insurance 4 Supplies Land 6Building 7 Accumulated Depreciation-Building 85,745.00 8 Equipment 9 Accumulated Depreciation-Equipment 10 Accounts Payable 11 Unearned Rent 130,900.00 97,550.00 11,735.00 7,130.00 Check My Work 2 more Check My Work uses remaining. Previous Assignment Score: 41.18% All work saved. Save and Exit Submit Assignment for GradingExplanation / Answer
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Adjusting Journal Entries - Pitman Company Event Particulars Debit Credit a Insurance Expense Dr ($7,320 - $5,850) $1,470.00 To Prepaid Insurance $1,470.00 (To record insurance expense) b Supplies Expense Dr ($2,390 - $310) $2,080.00 To Supplies $2,080.00 (To record supplies expense) c Depreciation Expense Dr $7,750.00 To Accumulated Depreciation - Building $7,750.00 (To record depreciation on building) d Depreciation Expense Dr $4,220.00 To Accumulated Depreciation - Equipment $4,220.00 (To record depreciation on equipment) e Unearned rent Dr ($7,130 - $1,495) $5,635.00 To Rent Revenue $5,635.00 (To record rent revenue) f Salaries & Wages Expense Dr $3,040.00 To Salaries and wages payable $3,040.00 (To record salaries and wages expense) g Accounts receivables Dr $11,185.00 To Fees earned $11,185.00 (To record fee earned)Related Questions
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